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Carrollton Free Press Standard News | Council agrees to trade royalties for cash to buy firetruck

There are 5 comments on the Carrollton Free Press Standard story from Aug 27, 2013, titled Carrollton Free Press Standard News | Council agrees to trade royalties for cash to buy firetruck. In it, Carrollton Free Press Standard reports that:

Council was visited by representatives from Gateway Royalty LLC. and a group in the process of establishing a Joint Economic Development District .

Join the discussion below, or Read more at Carrollton Free Press Standard.

Johnny

Circleville, OH

#1 Aug 30, 2013
Really?? Have the Council members had a meaningful conversation with someone receiving royalties to know that they are selling them for is a pittance of their value? For God's sake, do your homework. A one-time payment instead of 20 or 30 years of Royalties. What are you thinking. Don't come to the tax payers in a few years wanting more money. You have just handed literally millions to Gateway for free.
Howard

Kent, OH

#2 Aug 31, 2013
What a disappointment. It's unbelievable that the Village administration agreed to sell 25% of their royalties at a FRACTION of their value. Even more so, knowing that there is a well planned in the near future to go in on Gallo Rd that looks like it would catch quite a bit of the Village's property. I agree, we need a new fire engine, but the potential revenue lost from the selling of these royalties could make that $350,000 fire truck, worth a couple million. The village is in the best financial shape it's been in in years, and yet this is the only way we can afford a new fire engine? Every other administration has been able to buy a new fire truck every 15-20 years using common sense and the money the taxpayers allocate them. Way to go Mr. Leghart and members of council, for costing the taxpayers millions. That 25% you just gave away would replace every fire truck the village has for the next 30 years....just ask someone receiving royalties. But wait Mr. Mayor, YOU know what's best for us all!
hmmm

Marion, OH

#3 Aug 31, 2013
It seems that the mentality of the leaders in this community is short term value vs. long term gain. We see this happening every day! Business that cater to the oilfield workers by offering services that they normally didn't before they came, landlords looking to make a quick buck, by charging ridiculous rent, What the the commissioners, businesses, landlords, and other organizations don't realize is that they are forcing the locals out. The locals are what built this community before the oilfield workers came, and what will keep you in business after they leave. I truly think that alot of us are getting the short end of the stick for a quick buck, and it breaks my heart to see it. Especially when families can't afford a place to live in our town! they are leaving to go elsewhere! I can only imagine what is going to happen in the next year or so and I am pretty sure it is only going to get worse.
Janet R

Beachwood, OH

#4 Sep 3, 2013
If many people feel they are worth more, why don't you auction them and see what they bring. I'm confident it will be far more than Gateway has offered you.
Mary

West Union, OH

#5 Feb 28, 2014
Seller BEWARE! I hope you got the last part of your money have yet to receive mine! Is beyond the time frame they promised.

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